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Thema: Business- und Bankenglisch

In diesem Thema sind folgende Beiträge:

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01. Okt 2007   

New York, NY -- Citigroup Inc. announced today that dislocations in the mortgage-backed securities and credit markets, and deterioration in the consumer credit environment are expected to have an adverse impact on third quarter financial results. Citi currently estimates that it will report a decline in net income in the range of 60% from the prior-year quarter, subject to finalizing third quarter results.

"Our expected third quarter results are a clear disappointment. The decline in income was driven primarily by weak performance in fixed income credit market activities, write-downs in leveraged loan commitments, and increases in consumer credit costs," said Charles Prince, Chairman and CEO of Citi.

"Our fixed income trading business has a long history of earnings power and success, as shown in this year's record first half results. In September, this business performed at more normalized levels and we see this quarter's overall poor trading performance as an aberration. While we cannot predict market conditions or other unforeseeable events that may affect our businesses, we expect to return to a normal earnings environment in the fourth quarter," said Prince.

Verfasst von  A.Schuetz


27. Sep 2007   

On 21 July 2007, Fortis, RBS and Santander (collectively, the "Banks") formally launched their offer, through their acquisition vehicle RFS Holdings, for ABN AMRO (the "Offer"). The Banks have since announced a number of developments regarding the Offer, including the obtaining of certain shareholder and regulatory approvals. The following announcements are made in order to comply with US regulatory requirements.
As contemplated by the Offer documentation, RFS Holdings hereby announces that it reserves the right (but is not obligated) to waive the minimum acceptance condition to the Offer (as further specified in the Offer documentation, the "Minimum Acceptance Condition") after expiration of the Offer in the event that the number of ABN AMRO ordinary shares validly tendered and not properly withdrawn in the Offer, together with all ABN AMRO ordinary shares held by RFS Holdings, represents not less than a majority of the issued and outstanding ABN AMRO ordinary shares, calculated on a fully diluted basis. This announcement does not constitute a waiver of the Minimum Acceptance Condition itself.
The Offer will remain open for acceptances until 3pm Amsterdam

Verfasst von  A.Schuetz

    weiterlesen... 'Fortis, RBS and Santander announcement regarding US regulatory matters'

20. Sep 2007   

The Fortis Board of Directors elected Jan-Michiel Hessels Vice-Chairman on Thursday 20 September. In this capacity, Jan-Michiel Hessels, currently a member of the Fortis Board, replaces Jan Slechte, who stepped down as a Board member on 23 May 2007.

Mr Hessels (born in 1942 and a Dutch national) was appointed a member of the Fortis Board of Directors in 2001. He is also Chairman of the NYSE Euronext Board of Directors, Supervisory Board Member of Royal Philips Electronics N.V., Supervisory Board Member of Heineken N.V., International Advisory Board Member of the Blackstone Group and Supervisory Board Chairman of SC Johnson Europlant N.V.

Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners.

With a market capitalisation of EUR 35.1 billion (31/08/2007), Fortis ranks among the 20 largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professional workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available at www.fortis.com.

Verfasst von  A.Schuetz


07. Aug 2007   

# Underlying net profit up 36.7% to EUR 2,747 million on business and investment gains
- Profit includes a EUR 573 million net gain on the sale of part of ING's stake in ABN Amro
- Underlying net profit increased 8.2% to a record EUR 2,174 million excluding that gain
- Strong volume growth in banking helps offset continued pressure from flat yield curves
- Expenses remain under control: up 4.2% including investments to support fast-growing businesses
- Net profit up 27.1% to EUR 2,559 million (EPS: EUR 1.18) after EUR 188 million for combining ING Bank and Postbank
- ING to pay interim dividend of EUR 0.66 per share, up 11.9% and equal to half of the total dividend paid over 2006

# Commercial momentum remains strong across our businesses
- Single-premium sales up 22.8% from 1Q as ING capitalises on global shift to wealth accumulation products
- Total value of new business up 23.2% from 1Q on strong SPVA sales in Japan and U.S. individual life reserves
- ING Direct adds record EUR 7.0 billion in own-originated mortgages in the second quarter
- Retail Banking shows solid volume growth in current accounts and mortgages in the Benelux and Poland

# ING continues to invest to accelerate the growth of its businesses
- Acquisitions of Oyak Bank in Turkey, Latin American pension business, Korean fund manager support growth
- ING to launch retail bank in Ukraine in 2008 as next step in eastward expansion strategy
- Single-premium variable annuity launched in Hungary in July as European roll-out continues
- Additional investments planned to boost growth at ING Direct in the second half of 2007

Verfasst von  A.Schuetz

    weiterlesen... 'ING posts record second-quarter results: underlying net profit up 36.7%'

23. Jul 2007   

New York -- Citi announced today that Robert L. Ryan, 64, the retired Chief Financial Officer of Medtronic Inc., has been elected to the Citi Board of Directors. Mr. Ryan's election brings the number of Citi Board members to 15, of whom more than 75% are independent under NYSE rules and Citi's Corporate Governance Guidelines.

"We are very pleased to welcome Bob, a veteran senior financial leader who brings extensive management experience with driving growth at large organizations," said Charles Prince, Chairman and Chief Executive Officer, Citi. "Bob has served as a CFO for more than 21 years and offers a unique and important perspective as we continue to advance the company's international footprint and allocate capital to the best available opportunities."

Verfasst von  A.Schuetz


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